NTES trade ideas
NTES Triggers a Sell Signal today$NTES Triggers a Sell Signal today. Needs to close above 8ema- 287 to prove otherwise
NTES
Continued movement after a good response to the financial report. Technical shopping area 310 $
NTES completion of elliot waveAnother elliot wave pattern. This one's almost textbook.
NTES completed an elliot wave pattern approximately two days ago, and should now enter its elliot corection wave phase.
Looking at its Fib retracement we see that the .786 lines up pretty closely with the end of the main impulse AND the gap up from two weeks ago, which makes a good price target for the first correction wave.
Date discovered: March 2, 2017
Position: Short
Price to enter: 290.82
Price target: 266.60
NTES - RSI Divergence ShortNTES price action broke to the upside in the middle of 2016 and formed a very strong uptrend. In late 2016, prices retraced strongly to a 50% retracement. Prices are now attempting a move to previous highs, but the RSI is not confirming. I'm waiting for price action to reach the $270 level and determining if the RSI divergence continues to be strong.
Set an alert for $270 and roll.
NTES longresuming its uptrend after breaking above 50dma and recent resistance. 50dma turning positive within the next few days if price holds current levels.
NTES - Upward channel breakdown, short from $228.93 to $200.33NTES breaking down from a macro frame upward channel. It also looks like a Inverse Bump & run formation. Moneyflow was diverging all the way to the upside & now broken to the down side. We think it will decline further & our first target area is $200
On the option side we would consider $230 March Puts
You can check our detailed analysis on NTES in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 8:35"
Trade Status: Pending
Why I Am Shorting NetEase Heavily, See The Reasons...I am shorting shares of NetEase Inc (NASDAQ:NTES) simply based off valuation metrics and the stock chart. Both confirm a drop is pending within days. First, the stock is up from $130 in February 2016 to its current price of $270. This is over a 100% gain in 2016, an epic move no matter the stock. The next factor is more specific to the trading recently, which shows institutions unloading. On October 14th, 2016, NetEase Inc shot to a new all-time high of $272.50 before reversing sharply. This formed a topping tail on the daily stock chart. Every day since, the stock has gone sideways and floated, never taking out the topping tail high of $272.50. This shows epic distribution (selling) by smart money and sets the table for a big fall. The downside is big, a simple retrace netting investors a drop to $208.00, or over at 20% correction. Check out the stock chart below and see the trade.
I post my live trades on VerifiedInvesting.com
$NTES buy buy buy Short term swing forming on momo stock NTES. 268 the breakout pivot. 282 price target.
Bearish ABCD on weekly?NTES possibly forming a bearish ABCD pattern on weekly. If this pans out NTES can see much lower prices over next couple of months or more.
And the next Breakout-Candidate...?In the daily Chart we saw a Breakout-Try and the immediate test of the Breakout Level. Now it`s getting interesting.
Prices above 186$ will generate a longterm Buying-Signal
